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Construction Adds 19,000 Jobs as Unemployment Plummets in July, Says ABC

Friday, August 3, 2018 10:45 AM
WASHINGTON, Aug. 3—The U.S. construction industry added 19,000 net new jobs in July after adding 13,000 net new jobs in June, according to an Associated Builders and Contractors analysis of data supplied by the U.S. Bureau of Labor Statistics. The industry has added 308,000 net new jobs since the first of the year, a robust increase of 4.4 percent. Read the rest of entry »

Nonresidential Construction Spending Dips in June, Says ABC

Wednesday, August 1, 2018 11:46 AM
WASHINGTON, Aug. 1—Nonresidential construction spending contracted 1.6 percent on a monthly basis in June, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released today. Spending totaled $742.4 billion on a seasonally adjusted annual rate for the month, a 4.2 percent increase from the same time one year ago. Private nonresidential spending fell 0.3 percent in June, while public nonresidential spending contracted by 3.5 percent.

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ABC Applauds Reauthorization of Perkins Act to Drive Workforce Education

Tuesday, July 31, 2018 2:26 PM
WASHINGTON, July 31—Associated Builders and Contractors today praised Congress and the administration for passing a bipartisan reauthorization of the Carl D. Perkins Career and Technical Education Act, one of the key federal programs that supports vocational education programs that align with local workforce needs and lead to industry-recognized credentials. Read the rest of entry »

June Construction Unemployment Rates Down in 15 States Year Over Year, Says ABC

Tuesday, July 31, 2018 9:45 AM
WASHINGTON, July 31—Estimated June construction unemployment rates fell in 15 states on a year-over-year basis, rose in 33 states and were unchanged in two states (Arizona and New Hampshire), according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. Read the rest of entry »

Nonresidential Fixed Investment Surges in Second Quarter, Says ABC

Friday, July 27, 2018 11:05 AM
WASHINGTON, July 27—The U.S. economy expanded at an annualized 4.1 percent rate during the second quarter of 2018—the fastest rate of quarterly growth since the second quarter of 2014, according to an Associated Builders and Contractors analysis of U.S. Bureau of Economic Analysis data released today. Read the rest of entry »

ABC Calls for Expanding Apprenticeship Opportunities in Congressional Testimony

Thursday, July 26, 2018 10:40 AM
WASHINGTON, July 26—On behalf of Associated Builders and Contractors, Mike Holland, chief operating officer, MAREK Companies, testified today before the U.S. Senate Committee on Health, Education, Labor and Pensions about the need to modernize and expand apprenticeship opportunities in the United States. In his testimony, Holland outlined the construction industry’s workforce de Read the rest of entry »

ABC, Industry Groups Urge President Trump to Reverse Obama-era Policy on Project Labor Agreements

Tuesday, July 24, 2018 3:40 PM
WASHINGTON, July 24, 2018—Associated Builders and Contractors joined a coalition of construction and business associations urging President Trump to eliminate government-mandated project labor agreements and allow all qualified contractors to compete for federal and federally assisted taxpayer-funded construction projects. Read the rest of entry »

ABC Commits to Education Goals at White House ‘Pledge to America’s Workers’ Event

Thursday, July 19, 2018 4:09 PM
WASHINGTON, July 19—Associated Builders and Contractors signed on to President Trump’s “Pledge to America’s Workers” today, committing to educating and developing at least 500,000 construction workers over the next five years. Read the rest of entry »

ABC Applauds Rescission of the DOL’s Overreaching Persuader Rule

Tuesday, July 17, 2018 1:34 PM
WASHINGTON, July 17—Associated Builders and Contractors today issued the following statement in response to the U.S. Department of Labor’s announcement that it is rescinding the final persuader rule. Read the rest of entry »

ABC Predicts Stable Nonresidential Construction Sector for Remainder of Year

Monday, July 16, 2018 1:23 PM
WASHINGTON, July 16—Associated Builders and Contractors Chief Economist Anirban Basu predicts the nonresidential construction sector will remain stable for the second half of 2018, yet warns of a potential economic downturn in 2020, according to a recent mid-year economic outlook published in Construction Executivemagazine. Read the rest of entry »